Business and Economics

Report: Indiana Economy Rebounding From Recession

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August 8, 2014 — The Associated Press — A new report by the U.S. Commerce Department shows that consumer spending in Indiana rebounded from the economic downturn faster than the national average.

The report released Thursday estimates state-by-state consumer spending on a variety of goods and services to provide a snapshot of consumer confidence.

The data show that per-capita personal spending in Indiana increased 12.2 percent between 2009 and 2012. Spending rose from $28,870 per person in 2009, when the recession ended, to $32,418 in 2012. That’s the most recent year included in the data.

Per capita spending increased 10.7 percent nationally in that period.

The report for 1997 through 2012 represents the first time the government has issued state-level consumer spending data. That information reveals the nation’s uneven recovery from the Great Recession.

 

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